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20130115
20130123
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KQED (PBS) 31
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English 31
Search Results 0 to 30 of about 31 (some duplicates have been removed)
of state services like health and welfare, a limit on property taxes, plus republican legislators' refusal to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.
, dealing with infrastructure challenges and budget deficits. and we need to expand our tax base, and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate, but most agree better education and visas for the scientists we train in the u.s. is a good start. and remember what i.b.m.'s myerson said about continuity-- it's just as important to a >> the moment you believe there is no danger of losing your edge is when it disappears on you. >> reporter: suzanne pratt, "n.b.r.," at the watson research center. >> susie: the u.s. needs to make structural changes to restore its competitiveness. that's the main conclusion of an extensive study on american competitiveness by harvard business school professor michael porter. when i talked with him, we began our conversation by discussing why competitiveness matters for the u.s. economy. competitiveness is the coexistence of two things: one is a business environment in the united states that allows companies based here to compete successfully in the global economy but while maintaining or
phone launch, in some cases were due to the expected changes in the capital gains tax, which didn't come to fruition, but nevertheless, prudent visitorinvestors sold the stock. and from that standpoint, the stock attracts current levels, especially out of earnings. >> susie: and earnings are coming out next week, and we'll be tracking that. and we'll see how the stock does after that. thanks, david, david garrity. >> tom: investors sorting through a slew of economic data today. u.s. industrial production hit its highest point in more than four years in december, while consumer prices, were flat last month, pointing to muted inflation pressures. still, the u.s. major averages ended mixed: the dow off 23 points, pulled lower by weakness in boeing shares, the nasdaq rose six, the s&p up just a fraction. >> susie: and the federal reserve's latest snapshot of the u.s. economy isn't picture perfect, but it is positive. today's beige book report showed signs of solid overall economic growth. each of the fed's 12 districts showed either "moderate" or "modest" growth, steady or expanding real est
of weeks we're drawing a line in the sand no more tax increases, none. well that's starting from a position of not negotiating. because you can't have entitlement changes without more tax changes. >> rose: yeah. let me turn to gun control watch. dow expect vice president bidetone suggest to the president tomorrow, majer? >> well, several things, charlie. i think he's going to say what the president has already said. he wants to reinstate the assault weapons ban, first put into law in 1994, set on a ten year sunset, was not renewed when it expired. a new ban on the large capacity ammunition clips, those magazines that hold more than ten bullets, sometimes up to a hundred. and some type of beefing up of the mental health and criminal background check system. currently it applies only to federally licensed firearms dealers. some gun shows don't have all those dealers there and private sales aren't covered. that is a very difficult thing to do from a gun registry and absolute data sealed off sort of way to approach that. the nra has some very strong objections and members of congress might be s
of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his kids and gun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is true public opinion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the congress, assault weapons ban, limit on the size of the magazine clip, and universal background checks -- the last one has very strong public opinion behind it. that is lik
be in the form of tax cuts. a lot of democrats are going to hate that, but republicans like tax cuts, and we can just get everybody on board from the beginning." >> narrator: he was told right from the start the stakes couldn't be higher. >> this is the first of a series of tests. and if he failed this one, what would it say for his administration and his ability to deal with all the other challenges we're going to face? >> president obama promised the american people he would bring bipartisan solutions... >> narrator: he decided to make a symbolic gesture: he'd come to them. >> mr. obama is hoping for support from both sides of the aisle... >> narrator: take his proposal to the republicans on their own turf. >> he'll try and sell his plan to the republicans... >> narrator: he headed right for the meeting of the republican caucus. >> it's a rare day when the president goes to the capitol to meet only with members of the other party... >> hello, everybody. how are you? >> he spoke extemporaneously about the stimulus. he walked us through it probably 15 or 20 minutes, just his thought process and
and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you so much. great talking with you. >> appreciate it, take care. >> reporter: still ahead, more than half a million people are expected to converge on washington this weekend for the president's inauguration. we'll take a look at the economic impact. >> tom: u.s. stocks were little changed, despite a big jump in growth in china. china's economy rose by nearly 8% during the last three months of 2012, up half a percent from the previous quarter. still, for the year, china's posted its weakest annual performance since the 1990s.
back to california. governor jerry brown says he's fixed the state budget by increasing taxes and keeping a tight rein on spending. he declared an end to the state's prison crisis. correspondent spencer michels sat down with the governor earlier this week in an interview for the pbs "newshour." in this segment, they discuss whether california is really out of the woods and the governor's plans for the future. >> governor jerry brown, thanks very much for talking with us. >> sure. >> governor, proposition 30 in california was sold that it would help the schools and almost exclusively help the schools. are the california schools out of the woods? >> you say out of the woods. we live in the woods, so we don't get out of the woods. but the money is definitely going to the schools. it's very helpful. we're paying down the debt. the state took in borrowing $2.7 billion from the schools and over the next five years we're going to pay back our debts to the schools from the state and they're going to see per kid over about $2,300 per kid for all 6 million kids in california. it's going
caved. because the president's plan allows george w. bush's tax cuts to become permanent. for those making less than $400,000 a year. these democrat critics fear that obama's second term instead of being quote, unquote bold will be quote, unquote cautious as his first term. and on the right, republicans moan and grown and say that -- groan and say that obama is demeaning in the way he deals with house speaker john boehner. hold on, says columnist rockman. we expect too much of obama he says because in the united states, we subscribe to the quote, unquote myth of the imperial presidency. other transformational democratic presidents such as fdr and lbj, rockman says, have substantial democratic majorities in both the senate and in the house to enact their landmark legislation. obama in contrast has had to work with a narrow democratic majority in the senate and with an opposition party, the republicans in control of the house for the two years since january 2011. well, what about ronald reagan? president of the united states two successful four-year terms. on the domestic front, he en
investment they hear taxes and when he talks about takers which he did in the speech, that's a loaded word. it aims right at paul ryan who talked about takers versus makers, the takers being the one who receive federal benefits but pay no federal income tax. that's a shot. that's not just language that's slipped in. so that's the sense in which this had a combative -- there were a few barbs in this speech. >> one of the moments in the campaign when the president was office balance was when he said you didn't build it, talking about small business. that was one of the big themes of the speech saying you need collective action in order to get anything done. again, not new but laying down real markers act the fact that he's going to night the second term for a progressive vision based on those historical touchstones john mentioned and a program that is based on things that right now republicans have no interest in working with him on. in terms of gun control and climate change, immigration and budget stuff different issue. >> jodi let me go back to your point in your piece about the "new york
regimes. >> they are responsible for many, perhaps most of the suicide attacks in syria. they face a tax of killing civilians indiscriminately. we choose only military targets, they insist. the regime put car bombs among civilians. there is a lot of effort to undermine our reputation, he says. i challenge anyone to present evidence. he also denied any link to terrorist groups. a plane drops bombs. they think the front building is the target. >> that have taken cover in case the plane make another pass. they have a reputation for being the bravest fighters. they are widely regarded as honest. the power and influence may have a very big say in syria's future. >> there is still support for the free syrian army, but even these fighters wonder if it has been worth it. >> i wish our lives could go back to what they were, she says. they're forced to burn rubbish to keep warm. western governments have a dilemma. if they stay out of syria, the islamists will go stronger. but weapons sent to the uprising might reach them. so people wait for help that is probably not coming. >> air rare look inside
new ideas and technology to remake our government, revamp our tax code, reform our schools and empower our citizens with the skills they need to work harder, learn more, reach higher. but while the means will change, our purpose endures. a nation that rewards the effort and determination of every single american. that is what this moment requires. that is what will give real meaning to our creed. >> brown: with today's ceremony falling on martin luther king day the president reflected on civil rights battles passed and noted the country had still not achieved goals of equality, opportunity and more. >> we, the people, declare today that the most evident of truths, that all of us are created equal. is the star that guides us still. just as it guided our forebearers through seneca falls and selma and stonewall, just as it guided all those men and women, sung and unsung, who left footprints along this great mall to hear a preacher say that we cannot walk alone, to hear a king proclaim that our individual freedom is inextricably bound to the freedom of every soul on earth. it is now our ge
that was good risk/reward. on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you
adjust to smaller paychecks due to higher taxes. >> the hit to incomes are going to be a first quarter event for the most part, so much of that effect will be felt in the first quarter and it gradually dissipate in our view as the year wears on. >> reporter: so, what will it take for the economy to return to much stronger footing. many say the answer lies with the housing market, which needs to built a stronger foundation. that brings us back to lenane and one of her listings. it's a five bedroom condo with river views. it can be yours for $4.75 million. >> to be able to get 3,100 square feet in manhattan is a real rarity, especially the bedroom count because people are really having families and staying in the city. and, this apartment really speaks to that. so that's why we've had such great traffic. >> reporter: traffic maybe, but will it sell? perhaps if the economy continues to show fresh signs of life. suzanne pratt, "n.b.r.," new york. >> tom: disappointing. that describes the last quarterly financial performances from two of the country's biggest banks, bank of america and citi
of their own way in terms of december sprattly kneed economic reform, tax implication, dealing with corruption, opening foreign direct investment ashes lot of indian entrepreneurs are increasingly looking where to invest outside of the country it is not blowing up but underperforming a, underperforming a. >> rose: the political system is not working. >> it is not working well. >> rose: and finally south africa. >> what a sad thing nell son mandela is hot doing well, one of the greatest men we have seen in the past century, 9 94 years old is not able to oversee improvement of his government, .. the turn -- >> rose: no political talent in south africa. > very little talent, you see the talent going away, the best who just left the party, by far, you and industry met him on many occasions and he is gone, he bolted, rama know/foe stow one of the wealthiest businessmen, number 2, he is pretty incapable, it is really a turn toward the lowest the denominator of politics, and it is a hell of a lot of populism, south africa is not performing so you look at the brics and brazil is doing well, although t
their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> suarez: today, a white house spokesman called the ad with its use of the obama children repugnant and cowardly. >> brown: coming up, we'll have reaction to the president's approach. also ahead: general stanley mcchrystal; the obama campaign's online push and a cyclist's confession. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama is losing another member from his first-term cabinet. interior secretary ken salazar announced today he will step down in march, after four years on the job. salazar pushed for greater conservation and renewable energy. and, he oversaw a moratorium on offshore drilling after the b.p. oil spill in 2010. industry groups said the shutdown cost thousands of jobs, but salazar defended it today in his departure statement. attackers in algeria stormed a b.p. natural gas complex today and took dozens of foreigners hostage, including seven americans. at least two p
, see any cap-and-trade type climate change legislation. he certainly not going to see any higher taxes coming out of the republican congress. >> brown: i'm sure you started the day with some hope in the church. where do you come out now after listening to this? >> i think there's still hope. i do think it's critical that we have a common vision that we work on. in my sermon today with the president i just said it may be the most important thing that you have on your agenda is to bring us together. if you can find some way, if we can find some way to come together around a couple of common, you know, common objectives, that helps us resolve some of these other things. right now we're so divided that no matter what comes up, we're going to find the same gridlock we have right now. i ti there's got to be... this has got to be an agenda near the top of the agenda to say -- i'm not minimizing anything else, those all need to happen -- they're not going to happen until we figure out how we work together, listen to one another, embrace the differences and find some way to forge forward. i don
Search Results 0 to 30 of about 31 (some duplicates have been removed)

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